Six hundred workers at the Opel plant at Figueruelas near Zaragoza in Spain will be laid off temporarily in November because of a fall in demand, General Motors Europe said on Friday.
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General Motors CEO Fritz Henderson thinks the US new car market will see a modest recovery in 2010 with sales of 11.5m to 12m vehicles.
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China's commerce ministry is investigating the takeover by General Motors of its former parts division Delphi.
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General Motors India and Reva Electric Car Company on Thursday said they had signed an agreement to cooperate on developing EVs for sale in India.
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General Motors Company announced today the establishment of its China Science Lab in Shanghai. The unique facility will carry out important research projects in a number of automotive-related fields for General Motors. As the first major science lab established by a global automaker in China, it will contribute to technological innovation, both domestically and on a worldwide basis.
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New Delhi - General Motors India and Reva Electric Car Company announced today in New Delhi the signing of an agreement to cooperate in the development of electric vehicles for the India market.
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Hummer will relocate to a new headquarters in Michigan once General Motors closes its planned sale to China's Sichuan Tengzhong Heavy Industrial Machinery, Hummer spokesman Nick Richards told the Wall Street Journal (WSJ).
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General Motors is "restoring" 2,400 car assembly jobs in the US by adding a third shift at three vehicle plants and also expects to return another 600 posts to engine, transmission, stamping and casting plants nationwide.
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In a bid to increase cross-party political support for a shift towards zero-emissions motoring in the UK, Brighton-based Elektromotive is collaborating with car giant General Motors (GM) to educate MPs about emerging electric vehicle (EV) technologies and the need for a nationwide infrastructure of recharging stations.
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General Motors has said it will have to increase production of some of its North American models after a summer when inventories have been at unsustainably low levels.
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The deal to sell a majority stake in General Motors Europe unit Opel to a Russian-backed Magna International consortium could be signed by early October and the Antwerp plant in Belgium is at risk of closure, GM CEO Fritz Henderson has said.
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Today, General Motors of Canada announced a new Canadian "Cash for Clunkers" program offering customers up to $3,000 towards a new GM vehicle for Canadians participating in the Federal Government's "Retire Your Ride" program.
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Saab engineers developed 70 per cent of the new 9-5 and the company has the capability to continue developing new models thanks to the investment General Motors has made in it in recent years.
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Some 'creep' is starting to appear in the reported number of jobs likely to be lost in Germany should the Magna Sberbank bid for Opel and Vauxhall proceed to completion after getting the green light from General Motors' board last week.
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British prime minister Gordon Brown will head a government delegation set to meet General Motors management to discuss making the Opel/Vauxhall Ampera at the automaker's Ellesmere Port plant in Cheshire.
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Ford has no problem with Magna's planned purchase of a majority stake in Detroit rival General Motors' European unit Opel.
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The German government does not expect the European Commission to thwart General Motors' plan to sell a controlling stake in Opel to Magna, a spokesman said on Friday.
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Yesterday's announcement that a Magna International-led consortium would buy a 55% stake in General Motors' European Opel/Vauxhall operations finally ended speculation about who would win the bidding round but employees were hardly put at rest as the matter of where Magna's expected 10,000-worker jobs axe will fall remains uncertain.
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AURORA, ON, and MOSCOW, Russia, - Magna International Inc. and Savings Bank of the Russian Federation today announced that their joint offer to acquire a 55% interest in Adam Opel GmbH ("Opel") has been selected by both General Motors Company ("GM") and the Opel Trust as the preferred solution to address the future of Opel. Under the offer, the acquired 55% interest in Opel would be owned 50:50 by a Magna/Sberbank consortium ("Consortium") with GM retaining a 35% interest and Opel employees acquiring 10% as part of a new labour framework. The offer contemplates a total equity investment by the Consortium of Euro 500 million over time.
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